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Cautious label chaotic reality this portfolio can’t decide if it is defensive or thrill seeking

Report created on Apr 25, 2026

Risk profile Info

3/7
Cautious
Less risk More risk

Diversification profile Info

5/5
Highly Diversified
Less diversification More diversification
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Positions

This portfolio looks like three different strategies crashed into each other and nobody cleaned up the mess. There’s a careful sleeve of euro government bonds, a sensible spread of global equity ETFs, and then out of nowhere crypto plus some lottery-ticket single stocks. Calling this “cautious” is generous; it’s more like a Volvo with a rocket engine bolted to the roof. The structure mixes broad funds with random stock picks and a local Slovenia ETF at 10% like a patriotic impulse buy. Overall, it behaves less like a planned architecture and more like a timeline of whatever ideas sounded good at the time.

Growth Info

Historically, the portfolio has done well in absolute terms: €1,000 turning into €1,531 and a CAGR of 20.41% is nothing to complain about. The awkward part is that both the US and global markets did a bit better with rougher drawdowns, so this portfolio basically paid with complexity and weirdness to slightly underperform plain indexes. CAGR, the “average speed” of growth, is strong, but beating cash in a bull-ish stretch is a low bar. With a max drawdown of only -13.29%, the ride has been comparatively gentle, but it still hasn’t translated into superior results versus simpler benchmarks.

Projection Info

The forward projection via Monte Carlo — basically running the portfolio through 1,000 alternate futures — says the fun might calm down. Median outcome of €2,471 after 15 years on €1,000, with an overall simulated annualized return of 6.67%, is much more boring than the recent 20%+ CAGR might make someone dream of. The range is wide: from “meh” at €1,235 to “nice” at €4,956, which is what happens when you mix bonds with volatile stuff like crypto. As always, past and simulated data are like yesterday’s weather forecast for next year’s holiday: directionally helpful, not a prophecy.

Asset classes Info

  • Stocks
    43%
  • Bonds
    30%
  • No data
    16%
  • Other
    5%
  • Crypto
    5%

Asset class mix says “moderate and sensible” at first glance: 43% stocks, 30% bonds, a bit of crypto, some “other,” and a chunky 16% where the system just shrugs with “no data.” For something labeled cautious, 5% in crypto plus an extra 5% in gold-esque “other” is already a personality shift. The bonds are doing the adult supervision, but the riskier slices are invited to the party anyway. The mystery “no data” bucket doesn’t help clarity; it’s like having a big sealed box in the corner of your living room and insisting the house is well organized.

Sectors Info

  • Technology
    15%
  • No data
    6%
  • Crypto
    5%
  • Industrials
    5%
  • Financials
    4%
  • Telecommunications
    3%
  • Consumer Discretionary
    2%
  • Basic Materials
    2%
  • Health Care
    2%
  • Consumer Staples
    1%
  • Energy
    1%
  • Utilities
    1%

This breakdown covers the equity portion of your portfolio only.

Sector-wise, this portfolio has tech as the loudest voice at 15%, helped along by that dedicated IT ETF and index exposure. Then there’s a thin smear of everything else: industrials, financials, telecoms, and so on, all in small servings. For something allegedly cautious, adding a specialist tech fund on top of global equity indices is like adding extra hot sauce to a dish that was already spicy. Crypto showing up as its own 5% “sector” just underlines the split personality. There’s diversification, yes, but with a clear preference for growthy, market-darling areas rather than truly boring ballast.

Regions Info

  • North America
    21%
  • Europe Developed
    10%
  • Japan
    3%
  • Asia Developed
    3%
  • Asia Emerging
    2%
  • Latin America
    1%
  • No data
    1%

This breakdown covers the equity portion of your portfolio only.

Geography looks strangely underpowered for a “highly diversified” score. North America at 21% and Europe Developed at 10% suggest global exposure, but those numbers are low compared to what broad world indexes usually look like. Japan, developed Asia, and emerging Asia together still only scrape a few percent each. Then you’ve got the big local Slovenia ETF chunk skewing things toward home turf in a way that doesn’t show up neatly in the region breakdown. Overall, it’s less a calm world portfolio and more a patchwork of global bits plus a meaningful home-country bet lurking in the background.

Market capitalization Info

  • Large-cap
    18%
  • Mega-cap
    18%
  • No data
    5%
  • Mid-cap
    4%
  • Small-cap
    1%
  • Micro-cap
    1%

This breakdown covers the equity portion of your portfolio only.

Market cap exposure leans hard into big and bigger: 18% large-cap and 18% mega-cap, with only token gestures toward mid, small, and micro. The tiny 1% in small-cap and 1% in micro-cap look like someone added “spice” from a stock-picking hobby, not a deliberate allocation. This creates a portfolio that lives or dies by the fate of the global giants, while pretending to have a dash of adventurous smaller names. In practice, those micro and small names can behave like drama queens in volatility terms while barely moving the overall needle in return contribution.

True holdings Info

  • Novo Nordisk A/S Class B
    5.06%
  • NVIDIA Corporation
    2.12%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc
    • Xtrackers MSCI World Information Technology UCITS ETF 1C
    • iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) EUR
    • iShares MSCI World Momentum Factor UCITS
  • Apple Inc
    1.68%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc
    • Xtrackers MSCI World Information Technology UCITS ETF 1C
    • iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) EUR
  • Invinity Energy Systems PLC
    1.27%
  • Tharisa plc
    1.27%
  • Sociedad Química y Minera de Chile S.A.
    1.27%
  • Microsoft Corporation
    1.22%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc
    • Xtrackers MSCI World Information Technology UCITS ETF 1C
    • iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) EUR
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    0.84%
    Part of fund(s):
    • iShares MSCI EM Asia UCITS ETF
  • Broadcom Inc
    0.77%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc
    • Xtrackers MSCI World Information Technology UCITS ETF 1C
    • iShares MSCI World Momentum Factor UCITS
  • ASML Holding N.V.
    0.61%
    Part of fund(s):
    • Xtrackers MSCI World Information Technology UCITS ETF 1C
    • Xtrackers Stoxx Europe 600 UCITS ETF
    • iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) EUR
    • iShares MSCI World Momentum Factor UCITS
  • Top 10 total 16.11%

This breakdown covers the equity portion of your portfolio only.

The look-through data shows just how much this portfolio is starstruck by the usual megacap celebrities. Nvidia, Apple, Microsoft, TSMC, Broadcom, ASML — they all sneak in via ETFs, even though the summary only shows top-10 ETF holdings. That means actual overlap is almost definitely higher than reported. Novo Nordisk gets a direct 5.06% allocation with no ETF duplication showing, so it’s the single-name poster child. Meanwhile, several tiny direct positions like Invinity and Tharisa add idiosyncratic risk for almost no diversification benefit. It’s a mix of index worship and side bets without much consistency.

Risk contribution Info

  • Novo Nordisk A/S Class B
    Weight: 5.06%
    12.2%
  • Expat Slovenia SBI Top UCITS ETF
    Weight: 10.13%
    10.3%
  • Ethereum
    Weight: 2.53%
    9.6%
  • SPDR S&P 500 UCITS ETF USD Acc
    Weight: 7.60%
    9.3%
  • Xtrackers MSCI World Information Technology UCITS ETF 1C
    Weight: 5.06%
    9.0%
  • Top 5 risk contribution 50.4%

Risk contribution reveals who’s actually driving the mood swings, and it’s not subtle. Novo Nordisk at 5.06% weight throwing in 12.22% of portfolio risk is doing diva-level work. Ethereum at 2.53% weight but 9.61% of risk is basically a fireworks stand in the garage. Even the Slovenia ETF and S&P 500 ETF punch above their fighting weight. When the top three holdings contribute 32.09% of total risk, the supposed diversification starts to look cosmetic. Risk contribution is like checking who’s really shaking the table, and here a few positions are clearly hogging the volatility spotlight.

Risk vs. return

This chart shows the Efficient Frontier, calculated using your current assets with different allocation combinations. It highlights the best balance between risk and return based on historical data. "Efficient" portfolios maximize returns for a given risk or minimize risk for a given return. Portfolios below the curve are less efficient. This is informational and not a recommendation to buy or sell any assets.

Click on the colored dots to explore allocations.

Open the Portfolio Builder Reshape your holdings and watch every metric recalculate live. Try it

The efficient frontier section is where the portfolio’s inefficiency gets caught in 4K. With a Sharpe ratio of 1.48 against an “optimal” version of the same ingredients at 3.0, it’s leaving a lot on the table. Sharpe is just return per unit of risk — how much you’re getting paid for the drama. Being 11.87 percentage points below the frontier at this risk level means the weights are basically the wrong proportions of mostly decent stuff. The rude part: simply reweighting the existing holdings could dramatically improve things. No need for new toys, just less chaotic portion sizes.

Ongoing product costs Info

  • iShares MSCI EM Asia UCITS ETF 0.20%
  • Invesco Euro Government Bond 1-3 Year UCITS ETF 0.10%
  • iShares Inflation Linked Government Bond UCITS 0.09%
  • iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) EUR 0.30%
  • iShares MSCI World Momentum Factor UCITS 0.30%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR 0.30%
  • Xtrackers MSCI World Information Technology UCITS ETF 1C 0.25%
  • Xtrackers Stoxx Europe 600 UCITS ETF 0.20%
  • iShares Physical Gold ETC 0.25%
  • Xtrackers MSCI Japan UCITS ETF 1C 0.12%
  • Amundi Euro Government Bond 3-5Y UCITS ETF Acc EUR 0.16%
  • Multi Units Luxembourg - Lyxor EuroMTS 5-7Y Investment Grade (DR) UCITS ETF 0.16%
  • Weighted costs total (per year) 0.13%

Costs are the one area where this portfolio looks suspiciously competent. A total TER of 0.13% is impressively low for something this convoluted. It’s like opening a cluttered toolbox and discovering at least the tools were bought on sale. Individual fund fees are mostly in the cheap-ETF zone, with only the factor funds marginally higher — still far from outrageous. The irony is that the investor managed to assemble an unnecessarily complex structure at a very reasonable ongoing price. Fees aren’t the villain here; the allocation choices are. You basically built a Rube Goldberg machine out of discount parts.

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